Prior to making its debut in the new season of IPL, Ahmedabad owner CVC Capital was surrounded by controversy and was alleged to have links with betting companies. CVC Capital won the bid for the Ahmedabad franchise with a whopping amount of Rs 5,625 crores for the upcoming IPL season.
CVC Capital is expected to get clearance from the BCCI from the controversy of having links with betting and gambling companies. BCCI made it clear that the company had two funds – European and Asian and the prior have links with betting companies, while the investment for the team is made from the Asian funds of the company, which has no such association.
The controversy was sparked after former IPL commissioner Lalit Modi tweeted “I guess betting companies can buy an IPL team. must be a new rule. Apparently, one qualified bidder also owns a big betting company. what next? does BCCI not do their homework? what can Anti-corruption do in such a case? #cricket,”
As per recent reports, the Board of Control for Cricket in India (BCCI) has banned deals involving the cryptocurrency exchange.
It is no surprise that the IPL took off like a rocket and made cricket a commercial and glamour’s game. Designed as a league where opportunity shakes hands with talent, the IPL is a masala mix of sport spiced with entertainment and loads of glamour.
The upcoming season of the IPL will be joined by two new franchises, Lucknow and Ahmedabad, along with the existing eight franchises: Mumbai Indians, Delhi Capitals, CSK, SRH, RCB, KKR, Rajasthan Royals, and Punjab Kings.
The IPL 2022 mega auction is all set to take place on February 12 and 13 in Bengaluru, and the BCCI has also extended the deadline for the two franchises to sign three players before the mega auction.